National Bank of Kazakhstan clarifies details of 7-20-25 housing programme

ASTANA – The National Bank of Kazakhstan released a report June 27 to answer frequently asked questions from citizens about the 7-20-25 housing lending programme.

“To participate in the programme, it is necessary to bring documents confirming compliance of a borrower with the programme terms, including the presence of employment or entrepreneurial income, as well as other documents in accordance with the requirements of the bank,” the report said.

A citizen who does not have income is not solvent and cannot get a loan under the programme. At the same time, the programme has not established a minimum level of income of a borrower. However, a borrower needs to submit confirmed income sufficient to service the mortgage loan. If a borrower’s income level is insufficient, a co-borrower may be considered. The requirements set for a borrower do not apply to a co-borrower.

“Banks can set additional requirements for the borrower, not inconsistent with the terms of the programme,” the report added.

To get a loan, a person should be a citizen of Kazakhstan. According to the bank, an applicant should convince a lender of a lack of mortgage loans.

The presence of other loans will affect the assessment of a person’s creditworthiness and the size of the potential loan under the programme.

“Overdue loans in the borrower’s credit score will adversely affect the credit rating of the housing programme participant,” the National Bank explained.

All categories of citizens of Kazakhstan can participate in the 7-20-25 programme, including civil servants, military personnel, people with limited abilities and large families. No preferential treatment is included in the programme.

Down payments must cover 20 percent of the collateral value of the purchased housing, which is assessed by the bank.

“The primary contribution should be paid in cash. It is impossible to provide other housing as collateral,” the bank reported.